Technip has agreed with MISC and MHB, subsidiaries of the Malaysia National Oil Corporation Petroliam Nasional Berhad (PETRONAS) to establish a long-term strategic collaboration.
The areas of collaboration would initially involve working jointly on onshore and offshore projects, designing and building offshore
To cement this collaboration, Technip, as a strategic investor, would take a minority stake in MHB representing between 8 and 9.9% on its proposed listing during the second part of this year.
Technip and MHB's subsidiary MMHE have worked together previously and are currently co-contractors for Petronas' onshore and offshore facilities in Asia.
For Technip, this investment and collaboration would further expand its portfolio of activities and services, in line with its strategic
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